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November 9, 2019
10:50 am
Dean
Selkirk Mountains, British Columbia
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Norman1 said

You got lucky, Winnie, just like those who bought long-term bonds 35 years ago when interest rates were around 12% per year.

Had the gold been purchased 20 years earlier in 1979, it would have been purchased around US$300 per ounce and the 20 year experience would have ended with gold around US$290.

Gold also does not produce any income. Those Bank of Montreal shares I bought in the late 1980's now pay me dividends each year of over 55% of their original cost. So, I am receiving my original investment back every two years now.

One needs to understand what was behind the returns one ends up with. Otherwise, one will seriously miscalculate the odds of achieving the same returns in the next ten, twenty, or thirty years.  

'Amen' to that ⬆

When it comes to Gold, I prefer to invest in the companies that dig it out of the ground, rather than directly in gold. One of my favorite ETF's is; Horizons Enhanced Income Gold Producers ETF (HEP/TSX). I've done very well with it, and the Dividend is quite Handsome ... ~ 5% .

Selkirk

sf-cool " Live Long And Prosper " sf-cool

November 11, 2019
9:17 am
Winnie
Ontario
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Norman1 said
You got lucky, Winnie ... 

Completely agree with you, Norman1.

And, to be fully honest, it wasn't even my rational decision to buy gold at that time and I had no expectation for spectacular profit, based on my careful examination of gold performance 20 years earlier.

November 12, 2019
3:02 pm
Norman1
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It is good to understand if one was just lucky or one had a special insight.

Luck does happen. Although, bad luck seems to happens more often than the good kind with investments.

I'm reminded of those technology day traders who thought they had insight into a way to make lots of money day trading tech stocks.

Turns out the tech stocks were closing about 1% higher than open most days. So, one could have got similar results just buying and holding the whole time instead of buying in the morning and selling by close of the day.

The discount brokerages were quite happy to collect over $1,000/month in trading commissions from some of those guys.

November 13, 2019
5:30 pm
Bud
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Imperial Oil could it go lower than 30

Shaw Communications another way to play alberta oil?

GIC King

November 13, 2019
5:57 pm
Dean
Selkirk Mountains, British Columbia
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Norman1 said

. . .

The discount brokerages were quite happy to collect over $1,000/month in trading commissions from some of those guys. 

... Déjà Vu of the olden days ⬆

During the Gold & Silver Rushes, the hardware stores selling picks & shovels often made more money than the miners.

sf-cool

sf-cool " Live Long And Prosper " sf-cool

November 15, 2019
7:01 pm
Norman1
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Well, the most profitable opportunities are not always where the excitement and limelight are. sf-laugh

Selling picks and shovels is not very exciting. But, one made a bit of profit with each sale.

November 16, 2019
5:39 am
Bud
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Cameco?

GIC King

November 16, 2019
9:19 am
Dean
Selkirk Mountains, British Columbia
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Bud said

Cameco?  

Hey Bud,

She was one of my girlfriends in high school ... wadiya wanna know about 'er❓

sf-cool " Live Long And Prosper " sf-cool

December 9, 2019
7:48 am
Bud
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Added Nutrien

GIC King

December 10, 2019
6:20 am
savemoresaveoften
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I dont see how holding physical gold as the main and only asset makes a portfolio immune to downturn....

I started in the financial industry in the 90s and up until the 2009, I have never heard a single soul saying "rates will reach 0% in US or Canada" ever.
Then financial crisis hits....

Just because gold has been at $1300-$2000 last few years does not mean it will never revisit $300 an ounce. Never say never

December 10, 2019
9:05 am
Winnie
Ontario
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savemoresaveoften said
I dont see how holding physical gold as the main and only asset makes a portfolio immune to downturn....

Just because gold has been at $1300-$2000 last few years does not mean it will never revisit $300 an ounce. Never say never  

Right now over 80% of my portfolio - physical gold.
Based on my previous experience, I took that risk.
I'm tired to chase around below 3% interest rates.

So far, I got approx. 9% per year (compounded yearly) for all 20 previous years.
Absolutely no fees, clean investment and clean return.
I can also choose to pay capital gain taxes after selling or not to pay capital gains - this investment isn't connected to my name and/or SIN whatsoever.
I'm absolutely free to pay capital gain taxes on my own discretion and I like that - I'm in control.

December 10, 2019
10:16 am
Bill
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Winnie, where do you suggest physical gold be kept?

December 10, 2019
1:58 pm
savemoresaveoften
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Winnie said

Right now over 80% of my portfolio - physical gold.
Based on my previous experience, I took that risk.
I'm tired to chase around below 3% interest rates.

So far, I got approx. 9% per year (compounded yearly) for all 20 previous years.
Absolutely no fees, clean investment and clean return.
I can also choose to pay capital gain taxes after selling or not to pay capital gains - this investment isn't connected to my name and/or SIN whatsoever.
I'm absolutely free to pay capital gain taxes on my own discretion and I like that - I'm in control.  

Its the next 20 years that matters, not the previous...

December 10, 2019
2:51 pm
Winnie
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Bill said
Winnie, where do you suggest physical gold be kept?  

Bill, I can only tell you where I keep my physical gold, I can't suggest or recommend where to keep.

All my gold I have in form of 1 oz Maple Leaf coins, 1 oz bars (RCM, JM, PAMP, etc) and 5 oz bars too. Yes, it's quite heavy, but very compact in size. For example, 10 x 1 oz Maple Leaf coins come in very nice tubes. I store them in "some places" on my property, but not in the safe.

December 10, 2019
2:53 pm
Winnie
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savemoresaveoften said

Its the next 20 years that matters, not the previous...  

Correct, I agree, let see in 10 or 20 years how much I will loose or gain.

December 10, 2019
5:25 pm
Bill
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Thanks, Winnie. The gold I have is in safety deposit boxes but as I accumulate more I've considered "on my property" too. I'm leery of having it in my house in case it burns down or I forget where I put some. I do have another property, I could bury it in the woods there but I'm not there most of the time, feel a bit uncomfortable about that too. Just wondering what others do.

December 11, 2019
10:29 am
Winnie
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Bill said
... I'm leery of having it in my house in case it burns down or I forget where I put some. 

Bill, I have the same problem. I'm keeping records, where I put gold and storing those records in my fire-proof safe. But, I write those records in "code", so only I would understand them. And, I'm worry, just in case my memory will not be so good later and I would not be able to "decode" my records, that would be quite a problem. Safety deposit boxes I'm not using for about 30 years now, because when bank employees helped me with my access to my boxes, they looked at me strangely - boxes were very heavy.

December 11, 2019
12:01 pm
Bill
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Winnie, as death could come at any inconvenient/unexpected time I now make sure at least one other family member with whom I don't normally live or travel (and who I trust not to take out a contract on me!) knows where is or how to find all my stuff, else I figure it's inevitable some future renovator of my house would be a surprised beneficiary!

December 11, 2019
12:22 pm
Bud
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Winnie are you single 😀

GIC King

December 11, 2019
12:53 pm
Winnie
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Bill said
Winnie, as death could come at any inconvenient/unexpected time I now make sure at least one other family member with whom I don't normally live or travel (and who I trust not to take out a contract on me!) knows where is or how to find all my stuff, else I figure it's inevitable some future renovator of my house would be a surprised beneficiary!  

Once again, I fully agree with you, Bill. I also share some information with one trusted family member, but not all information. Small part of my collection isn't on my property or close to it. I found some nice space in the forest, big canadian forest. Information regarding that part I'm keeping strictly to myself. Extra security.

Bud said
Winnie are you single 😀  

No, have spouse and 2 adult children.

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